Auction House London

Lot 1

Flat - Flats / Apartments 

Apartment 1401 Strata

8 Walworth Road, Southwark, London, SE1 6EG

Sold for £600,000

A Well Located Fourteenth Floor Two Bedroom 840 sq ft Apartment. Offered Subject to an Existing Tenancy Producing £28,600 per annum but a Section 21 Notice has been Served to Vacate.

Description

The property comprises a well presented fourteenth floor two bedroom apartment situated within a purpose built luxury block arranged over ground and forty-two upper floors. The property benefits from 24hr concierge and secure cycle storage. Furnishings currently in the property will be included.

Tenure

Leasehold. The property is held on a 125 year lease from 25 March 2010 (thus approximately 118 years unexpired).

Location

The property is situated in the heart of Elephant & Castle opposite the Elephant & Castle Shopping Centre and just a short walk from both Elephant & Castle underground and rail stations.

Tenancy

The property is subject to an Assured Shorthold Tenancy for a term of 12 months commencing 20th May 2017 at a rent of £28,600 per annum. The vendor has served a section 21 notice to vacate.

Accommodation (2nd Column)

Fourteenth Floor
Reception Room with open plan Kitchen
Master Bedroom with En-suite Shower Room, WC & wash basin
Further Bedroom
Bathroom with WC & wash basin

Viewing Details

Open House Viewings:
Thursday 30th November 11:30-12:00
Tuesday 5th December 11:30-12:00
Thursday 7th December 11:30-12:00
Saturday 9th December 14:30-15:00
Tuesday 12th December 11:30-12:00

Addendum

The occupational tenant has paid rent up to 19 May 2018 (the end of the tenancy) and the rent paid for the period from the date of actual completion to 19 May will be apportioned to the Buyer and allowed against the funds due from the Buyer on completion.

Joint Agent

Additional Fees and Disclaimer

Administration charge: £1,500 including VAT unless otherwise stated in the addendum.

Buyers Premium and Disbursements: Please see the legal pack and the addendum for any disbursements and buyers premium that may be payable by the purchaser on completion.

Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve ( a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

Particulars including images and video tours on the website and within the catalogue are believed to be correct but their accuracy is not guaranteed. The auctioneers will always endeavour to inform prospective purchasers of variations to the catalogue, when such changes are brought to their attention. The auctioneers nor their clients can be held responsible for any losses, damages, or abortive costs incurred in respect of lots that are withdrawn or sold prior to auction. Viewings are carried out by third party agents and we will endeavour to give appropriate notice should the published viewing time change. Auction House London will not be liable for any costs or losses incurred due to viewing cancellations or no shows. Information relating to Rating matters has been obtained by verbal enquiry only. Prospective purchasers are advised to make their own enquiries of the appropriate authorities. Prospective purchasers are deemed to verify for themselves whether tenanted properties are occupied and rents are being paid. All measurements, areas and distances are approximate only. Potential buyers are advised to check them. No representation or warranty is made in respect to the structure of any properties nor in relation to their state of repair. Prospective buyers should arrange for a survey of the particular lot by a professionally qualified person.

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For further information, please register for the legal pack. To speak to a member of our team about this lot, please call us on 020 7625 9007 or email us at info@auctionhouselondon.co.uk

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Enquire about Apartment 1401 Strata, 8 Walworth Road, Southwark, London, SE1 6EG

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